Naked Wines (LON:WINE) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Naked Wines plc (LON:WINE)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 72.76 and traded as high as GBX 76.01. Naked Wines shares last traded at GBX 74.60, with a volume of 283,870 shares.

Analysts Set New Price Targets

Separately, Panmure Gordon reissued a “buy” rating and set a GBX 150 target price on shares of Naked Wines in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 150.

Naked Wines Trading Up 1.9%

The company has a current ratio of 1.53, a quick ratio of 0.29 and a debt-to-equity ratio of 20.74. The firm has a market capitalization of £53.40 million, a price-to-earnings ratio of -35.52, a PEG ratio of 0.40 and a beta of 1.26. The company has a fifty day moving average price of GBX 72.76 and a two-hundred day moving average price of GBX 76.03.

Naked Wines (LON:WINE) last announced its quarterly earnings data on Tuesday, December 9th. The company reported GBX (4.30) EPS for the quarter. Naked Wines had a negative return on equity of 25.19% and a negative net margin of 7.18%. As a group, research analysts forecast that Naked Wines plc will post 1.4166456 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jack Pailing acquired 16,350 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of GBX 74 per share, with a total value of £12,099. Corporate insiders own 17.08% of the company’s stock.

About Naked Wines

Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online.